7019 /7027 N 76TH Avenue, Glendale, AZ 85303

$585,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $585,000 Last Modified: 5/16/2019

Overview

Description

Two buildings for sale for a total of 6 units 7019 & 7027 N 76th Ave. Many improvements inside and out, most of the units have been completely remodeled, new bathrooms, new kitchens, new AC's. roof replaced last June. Each unit has it own separate storage space and large rear yard. Additional income to landlord from washer and dryer. Monthly rents could be higher to give higher income.

Listing Details MLS# 5897093

Location, Tax & Legal

Map Code/Grid
N31
House Number
7019 /7027
Compass
N
Street Name
76TH
St Suffix
Avenue
City/Town Code
Glendale
State/Province
AZ
Zip Code
85303
Zip4
2401
Country
US
County Code
Maricopa
Subdivision
GLEN VIEW ESTATES 2
Assessor Number
142-43-063
Tax Year
2018
Assessor's Map #
43
Assessor's Parcel #
63
Add'l Parcels
Yes
Tax Municipality
Glendale
Census Tract
927.04
Taxes
2173
Legal
LOT 61 & 62GLEN VIEW ESTATES 2 MCR 010340
Marketing Name
GLEN VIEW ESTATES

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
IRR
Year Built
1971
Uncvrd Parking Spcs
6
Total # of Units
3
# of Buildings
Yes
Zoning
MULT
High School District
Glendale Union High School District
Elementary School
Glendale American School
Jr. High School
Glendale American School

Remarks Misc

Cross Street
76TH AVE GLENDALE
Directions
West on Glendale from 75th Ave to 76th Ave, north 1/2 block to property on east side of road.

Status Change Info

Off Market Date
2019-05-13
Under Contract Date
2019-04-18
Close of Escrow Date
2019-05-15

Legal Info

Township
2N
Range
1E
Section
2
Lot Number
62

More Information

Income Expenses

Gross Annual Sch Inc
57000
Net Operating Income
49127

2 Bedroom Units

# 2 Bedroom Units
6
Avg Rent
725
Avg SqFt
825
# Baths
Yes

Contact Info

List Agent Home Phn
623-910-7276

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

5 - 12 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
2200
Annual Land Lse Exp
0
Annual Landscape Exp
600
Annual Legal & Acctg
0
Annual Maint Exp
500
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
4320
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
9793
Other Income
1920
Vacancy Allowance
0
Adjusted Gross Inc
58920
Total Monthly Rental Income
4910

Pmt & Rate Info

Cap Rate
8.19
Down Payment
0
Equity
600000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Heat Pump
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
>1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

FHA
Yes
VA
Yes
Conventional
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property; Laundry Equipment Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator Cooling: Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: On Street; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Existing 1st Loan: FHA; VA; Conventional Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: VA; FHA; Conventional Environmental: None
IDX
Listing Office: Crown Realty
Last Updated: May - 16 - 2019
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